Average Yearly Car Insurance Cost
Thats the short answer.
Average yearly car insurance cost. Our calculations are based on reported car insurance rates from 56 auto insurance companies for polices that cover texas minimum requirements include the following according to texas department of. The long answer is that the average cost depends on a variety of key factors many of which weve outlined in the sections below. As youll see in the average car insurance rates by age table below in general rates are cheapest for drivers in their 40s 50s and 60s and then increase again a bit at age 70. The average cost of a car insurance policy meeting only the minimum requirements of each state is 937 per year or 78 per month.
Average cost of car insurance by age. What is the average cost of car insurance. The lowest average age group for car insurance in the uk was for those in their fifties with the average cost of 600. The average annual cost of car insurance in the us.
Weve broken down costs by location company policy. Was just over 1000 in 2017 according to the latest data available to the insurance information institute. The average cost of a car insurance policy is 2390 per year or 200 per month when averaged across states for our sample driver with a full coverage policy.